Paul S. Atkins has officially been sworn in as the thirty-fourth Chair of the U.S. Securities and Exchange Commission (SEC). This leadership change could impact the agency’s stance on digital assets. Atkins, who previously served as an SEC commissioner from 2002 to 2008, has recently been advising several blockchain and fintech startups. During his confirmation hearing in the Senate, he criticized the previous SEC management for unclear and overly aggressive approach towards the cryptocurrency industry. Atkins has committed to reducing political interventions, implementing clearer regulations for digital assets, and supporting capital formation. Industry observers believe Atkins’ leadership will be a turning point in SEC policy, expecting quicker ETF approvals and more friendly laws for token issuers. Meanwhile, reports suggest that major cryptocurrency companies are preparing to apply for banking licenses in the U.S.
